2025-01-29 09:45:24 am | Source: Motilal Oswal Financial Services Ltd
Neutral Bharat Forge Ltd For Target Rs. 1,386 by Motilal Oswal Financial Services Ltd
* Standalone revenue is expected to grow 7% YoY in 3Q, driven by ramp-up of defense orders. CV business, both domestic and exports, may decline in 3Q.
* We expect standalone margins to largely remain stable QoQ at 27.8%.
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